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the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more time. but if we do surpass that point, interest rates would go up if you are looking to borrow money. money invested in the stock market, analysts predict worldwide markets would have major problems. if you get payments from the government in any form, whether paidfy the government, whether your job is involve in the government or if you get social security checks, if you get veterans benefits, if your government pace your healthcare, all of that could be at risk if there's not enough money or borrowing authority to pay the bills. >> you mentioned the word extraordinary circumstances. what a nic
the. >> thank you, senator. >> the fiscal cliff isn't the only looming deadline. geithner is warning the nation will hit their debt ceiling on new year's eve. how will it impact your wallet? we are joined by rich edson. nice to see you. what will it mean for everyone? >> if you are borrowing money that could be problem matt ag. analysts say if we surpass the debt ceiling, and the pressurery department can do accounting and buy us a little more time, about $200 billion more...
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Dec 28, 2012
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the senate has been meeting, but on matters unrelated to the fiscal cliff. the house will not meet until sunday, it looks like. there was a particularly pointed comment yesterday from senate majority leader harry reid aimed at republican house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of house of representatives to get what they want. >> here was the speaker's response to that comment. senator reid should talk less and legislate more. the house already passed legislation to avoid the entire fiscal cliff. senate democrats have not. now, this will bring us back to the price of milk. this is not technically part of the fiscal cliff, but it's because congress was not able to pass a farm bill this year. because of some strange 1949 price supports, the price of milk could skyrocket at your local grocery store. could go up a few dollars gallon if we revert back to that 1949
the senate has been meeting, but on matters unrelated to the fiscal cliff. the house will not meet until sunday, it looks like. there was a particularly pointed comment yesterday from senate majority leader harry reid aimed at republican house speaker john boehner. >> the american people i don't think understand the house of representatives is operating without the house of representatives. it's being operated with a dictatorship of the speaker, not allowing the vast majority of house of...
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Dec 28, 2012
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they are working on the fiscal cliff bills. mr. reed, go to work. you have had years to lead this senate. go to work on that. >> i agree. and president obama -- >> and if we stick to our core presence pells. but i'm worried both sides will cave on principles and the real issue here is spending. it's a spending problem that is demonstrated by the debt ceiling issue that just came up. >> that's right. >> so where do we go from here, congressman gohmert? it's been put squarely in the senate in their hands. and we heard from harry reid today." he doesn't have any intention of moving forward. president at the last hour is reaching out finally to some republicans in the senate but they don't have the right to originate constitutionally spending bills from there. where do we go from here? >> either the senate will do their constitutional duty of taking a bill that originated in the house in dealing with this issue and pass their version of it. then it would go to a conference committee where a compromise gets worked out. harry reid is becoming the ultimate
they are working on the fiscal cliff bills. mr. reed, go to work. you have had years to lead this senate. go to work on that. >> i agree. and president obama -- >> and if we stick to our core presence pells. but i'm worried both sides will cave on principles and the real issue here is spending. it's a spending problem that is demonstrated by the debt ceiling issue that just came up. >> that's right. >> so where do we go from here, congressman gohmert? it's been put...
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Dec 24, 2012
12/12
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senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the road. we need to reform quick kick in the can. >> clayton: secretary panetta, set to take over him. white house looking at possible options and name that is bandied about is form are senator chuck hagel. critics slammed him of course and looks like the white house is trying to go in a different direction. others say give him a shake. go back to and see he is a fair-mind guy. >> i think he's the wrong pick at the wrong time. lack of support of israel and unwillingness to call the iran revolutionary guard a terrorist organization and he stepped back from action against iran and he was one of the biggest critics . one telling us that the surge couldn't work. that was always here from chuck hagel. that's not the kind of guy i want leading t
senator sessions said the fiscal cliff is like three days away. we have to read it to sign off on it. >> that's the worst. no, this is not time. let's reform it and go about it with a squaple. meet axe hacks it across the board. either we are going off of the cliff or bad short-term deal that kicks the can down the road. we need to reform quick kick in the can. >> clayton: secretary panetta, set to take over him. white house looking at possible options and name that is bandied about...
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Dec 29, 2012
12/12
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the president holds a last-minute press conference and calls on the senate to act on the fiscal cliff. but with four days to go, will his push make a difference? >>> plus, politicians promised that the newtown shooting would change our national debate on guns. are those just empty promises? >>> we count down the top five political rivalries. who won, who lost, what it means for 2013. let's go "outfront." >>> breaking news. the president makes an 11th hour announcement tonight putting the pressure squarely on the senate so broker a deal on the fiscal cliff. >> senators reid and mcconnell are working on such an agreement as we speak. but if an agreement isn't reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor a basic package for an up or down vote, one that protects the middle class from an income tax hike, extends the vital life line of unemployment insurance to 2 million americans looking for a job, and lays the groundwork for future cooperation on more economic growth and deficit reduction. >> and just moments ago, senator
the president holds a last-minute press conference and calls on the senate to act on the fiscal cliff. but with four days to go, will his push make a difference? >>> plus, politicians promised that the newtown shooting would change our national debate on guns. are those just empty promises? >>> we count down the top five political rivalries. who won, who lost, what it means for 2013. let's go "outfront." >>> breaking news. the president makes an 11th hour...
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Dec 30, 2012
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no senate vote on the fiscal cliff tonight. that just from majority leader harry reid. they cannot agree. cannot agree on a counter offer at this point from the democrats. after a day of last minute negotiations to avoid tax hikes and spending cuts set to go into effect the day after tomorrow. chief congressional correspondent mike emanuel very busy tonight. it's almost coming apart. >> that's right. there's a lot of dis agreement on both sides. republicans say they would like to see any tax revenue that comes out of a fiscal cliff deal used to pay down our trillion dollars deficits. retiring republican senator from arizona, jon kyl, said the democrats want to spend $600 billion and he believes the new tax revenue will be about the same am. to he says not solving anything. for from senator to an today. >> raising taxes to pay for new spending is not something republicans believe this debate ought to be about. it ought to be about reducing the deficit and debt. they're suggesting we want new taxes, higher taxes on people in this country to pay for new spending. >> republ
no senate vote on the fiscal cliff tonight. that just from majority leader harry reid. they cannot agree. cannot agree on a counter offer at this point from the democrats. after a day of last minute negotiations to avoid tax hikes and spending cuts set to go into effect the day after tomorrow. chief congressional correspondent mike emanuel very busy tonight. it's almost coming apart. >> that's right. there's a lot of dis agreement on both sides. republicans say they would like to see any...
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Dec 31, 2012
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. >> hey, mike, before we get to questions about the fiscal cliff. can you give us an update. we heard news about secretary hillary clinton. >> that's right, is she had a follow-up example at new york presbyterian hospital today when her doctors discovered she developed a blood clot. she's being treated with anti-clot medication at presbyterian hospitals and doctors are going to monitor progress over the next 48 hours. we're told her doctors will continue to assess her condition including what is associated with her concussion. >> hopefully that's a quick hospital stay. anybody, questions on the-- >> yeah, mike, it's beckel. mcconnell stayed out of this thing all along until he comes in at the last minute and i give him credit for trying it. at the last minute he drops in a reevaluation of the cross limit on entitlements which mired up the whole thing. we know full well you can't get that done in a day. why in the world is mcconnell messing with this thing. >> bob, you've probably been part of these high profile negotiations. >> i have. >> and dana mass. it's horse trading. bo
. >> hey, mike, before we get to questions about the fiscal cliff. can you give us an update. we heard news about secretary hillary clinton. >> that's right, is she had a follow-up example at new york presbyterian hospital today when her doctors discovered she developed a blood clot. she's being treated with anti-clot medication at presbyterian hospitals and doctors are going to monitor progress over the next 48 hours. we're told her doctors will continue to assess her condition...
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Dec 27, 2012
12/12
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fiscal cliff. now, just five days until everyone's taxes go up in this country, how much for the average american family? here's our chief white house correspondent jon karl tonight. >> reporter: president obama cut short his hawaii vacation, running back to washington, where storm clouds, real storm clouds, are gathering over the capitol. instead of deal making, it's name calling. the top democrat in the senate, accusing the republican speaker of the house of running a dictatorship. they say they haven't given up, but it sure sounds that way. >> i don't know time wise how it can happen now. >> here we are, once again, at the end of the year, staring at a crisis we should have dealt with literally months ago. >> reporter: vice president biden made a rare appearance in the senate, not to negotiate -- >> i do. >> congratulations, senator. >> reporter: but to swear in a new democratic senator from hawaii. a vote the white house will need if the senate ever gets around to voting on a plan to avert the
fiscal cliff. now, just five days until everyone's taxes go up in this country, how much for the average american family? here's our chief white house correspondent jon karl tonight. >> reporter: president obama cut short his hawaii vacation, running back to washington, where storm clouds, real storm clouds, are gathering over the capitol. instead of deal making, it's name calling. the top democrat in the senate, accusing the republican speaker of the house of running a dictatorship. they...
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Dec 27, 2012
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. >> clayton: senator robert bird. what can history teach us as we move closer to the fiscal cliff? >> juliet: then insane football skills made it a youtube sensation. somebody important was watching and the chance of a lifetime is coming up for this guy i've been taking a multivitamin for years. centrum silver. both of us actually. our pharmacist recommended it. and that makes me feel pretty good about it. and then i heard about a study looking at multivitamins and the long term health benefits. and what do you know? they used centrum silver in the study. makes me feel even better, that's what i take. sorry, we take. [ male announcer ] centrum. the most recommended. most preferred. most studied. centrum, always your most complete. olaf gets great rewards for his small business! pizza! [ garth ] olaf's small busins earns 2% cash back on every purchase, ery day! helium delivery. put it on my spark card! [ pop! ] [ garth ] why settle for less? great businesses deserve great rewards! awesome!!! [ male announcer ] the spark business card from capital one. choose unlimited rewards with 2
. >> clayton: senator robert bird. what can history teach us as we move closer to the fiscal cliff? >> juliet: then insane football skills made it a youtube sensation. somebody important was watching and the chance of a lifetime is coming up for this guy i've been taking a multivitamin for years. centrum silver. both of us actually. our pharmacist recommended it. and that makes me feel pretty good about it. and then i heard about a study looking at multivitamins and the long term...
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Dec 28, 2012
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cliff in washington. president obama has called the top congressional leaders to the white house this afternoon, for the first talks in more on a month. but hope for a new deal is fading. the senate majority leader is accusing the speaker of running a dictatorship if there's no deal within four days. just about every american will see their taxes go on up. >>> and this morning, more snow is threatening to make holiday travel difficult for millions of americans. as sam has been telling us, snow is falling across the upper midwest and will be moving into the northeast tomorrow. meantime, the recovery from the last storm is just beginning. 135,000 homes and businesses still without power in arkansas alone. many of them could be in the dark through next week. >>> and this morning, russian president vladimir putin has signed a highly controversial bill which bans americans from adopting russian children. dozens of pending adoptions now frozen, even cases where children -- this is heartbreaking -- were just day
cliff in washington. president obama has called the top congressional leaders to the white house this afternoon, for the first talks in more on a month. but hope for a new deal is fading. the senate majority leader is accusing the speaker of running a dictatorship if there's no deal within four days. just about every american will see their taxes go on up. >>> and this morning, more snow is threatening to make holiday travel difficult for millions of americans. as sam has been telling...
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Dec 28, 2012
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cliff, then it is very likely, almost definite, that we will go over the cliff. i have to tell you that sources in both parties think that's the likelihood at this point anyway, but this meeting tomorrow is absolutely going to be crucial. and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes to get from the president is a more details explanation of what he has been saying publicly, which is that he thinks he just wants the senate to pass the stop gap measure to keep tax cuts where they are for 98% of americans, which he campaigned on over and over again in the last election, in the hopes that enough republicans will come onboard and then this could possibly get through the house. >> jessica, is there cause then for optimism or is this meeting really just for show? >> well, as dana pointed out, at this meeting, they could work out the details of this scaled down proposal, which could be a final agreement. for example, republicans have been calling for these details, and the kind of thing they would like to
cliff, then it is very likely, almost definite, that we will go over the cliff. i have to tell you that sources in both parties think that's the likelihood at this point anyway, but this meeting tomorrow is absolutely going to be crucial. and what the senate republican leader mitch mcconnell who you just heard from there, what he's saying he hopes to get from the president is a more details explanation of what he has been saying publicly, which is that he thinks he just wants the senate to pass...
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Dec 29, 2012
12/12
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to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it through both chambers or put his proposal up for a vote. under the president's plan, the bush-era tax cuts would be extended for those making $250,000 or less with rates allowed to raise on top income earners. it would also extend unemployment insurance benefits. president obama saying the time for action is now. >> the american people are not going to have any patience for a politically self-inflicted wound. ordinary folks, they do their jobs. they meet deadlines. they sit down, and they discuss things and then things happen. if there are disagreements, they sort through the disagreements. the notion that our elected leadership can't do the same thing is mind-
to cobble together a last-minute plan to avoid the fiscal cliff. president obama saying he is modestly optimistic that they can come up with a plan in time. on friday, president obama met with the four top congressional leaders here at the white house for about an hour. sources close to those talks say that the president gave lawmakers two options, either come up with a plan that can make it through both chambers or put his proposal up for a vote. under the president's plan, the bush-era tax...